JOURNAL-TRIBUNE PUB. CO. v. COMMISSIONER OF INT. REV.

No. 15008.

216 F.2d 138 (1954)

JOURNAL-TRIBUNE PUBLISHING COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Eighth Circuit.

October 26, 1954.


Attorney(s) appearing for the Case

John Enrietto, Washington, D. C. (James P. Jones and Hamel, Park & Saunders, Washington, D. C., on the brief), for petitioner.

Harry Marselli, Sp. Asst. to Atty. Gen. (H. Brian Holland, Asst. Atty. Gen., and Ellis N. Slack, Hilbert P. Zarky and Louise Foster, Sp. Assts. to Atty. Gen., on the brief), for respondent.

Before GARDNER, Chief Judge, and THOMAS and COLLET, Circuit Judges.


GARDNER, Chief Judge.

This is a petition to review a decision of the Tax Court which found a deficiency in income tax of petitioner for its fiscal year ended October 31, 1948, in the amount of $4,488.39. During the tax period here involved, and for a number of years prior thereto, the Journal-Tribune Publishing Company, petitioner herein, was in possession of a newspaper plant maintaining and operating it under a 99 year lease from the original owners,

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